Jefferies Reaffirms Their Buy Rating on Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh (CRN)
In a report released on January 24, Daniel Roden from Jefferies maintained a Buy rating on Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh (CRN – Research Report), with a price target of A$1.00. The company’s shares closed last Friday at A$0.67.
According to TipRanks, Roden is an analyst with an average return of -5.4% and a 23.81% success rate.
In addition to Jefferies, Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh also received a Buy from UBS’s Lachlan Shaw in a report issued on January 24. However, on the same day, Ord Minnett maintained a Hold rating on Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh (ASX: CRN).
Based on Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of A$879.66 million and a GAAP net loss of A$102.68 million. In comparison, last year the company earned a revenue of A$1.12 billion and had a GAAP net loss of A$32.8 million
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Coronado Global Resources Inc is a producer of high-quality metallurgical coal, an essential element in the production of steel. Its geographical segment includes Australia and United States. The company derives the majority of revenue from Australia.